Moscow Firm to Extract Tungsten in Primorye's Zabytoe Deposit

Moscow company Orbit Invest, which works with Rosatom, has acquired the assets of Primorvolfram — the only organization in the region that held a license for the exploration and mining of tungsten and tin at the Zabytoe deposit, according to the publication Kommersant.

According to the service Kontur.Fokus, the authorized capital of JSC Primorvolfram is 621,137,383 rubles (approximately $6.9 million at current rates), and its sole founder is a limited liability company of the same name, established in 2013 in the village of Roshchino, Krasnoarmeysky District of Primorye, which entered bankruptcy proceedings in 2023.

After the recognition of insolvency, the JSC was created as part of the asset replacement procedure.

Primorvolfram was also part of the Volfram group of companies, which also managed the Gidrometallurg plant in Kabardino-Balkaria and the Unecha refractory metals plant.

Primorvolfram received the license for the deposit in December 2013 for 36.1 million rubles (approximately $401,000 at current rates). It is valid for 20 years, and the balance reserves (volumes of minerals economically viable for extraction) of Zabytoe are estimated at 11.4 thousand tons of tungsten oxide and 757 tons of tin. This deposit is the only one in Primorye and one of seven Russian sites where tungsten mining is conducted.

The auction has already taken place, and Orbit Invest acquired the assets for 56 million rubles (approximately $622,000 at current rates) against an initial price of 559 million rubles (approximately $6.2 million at current rates). Interestingly, the capital-based company had previously purchased the property of the Volfram group — the Gidrometallurg plant.

On December 11, 2025, we wrote that the largest federal retailer Lenta formalized a strategic partnership with the Remy group of companies and entered the Far East market, becoming the owner of a controlling stake in one of the largest regional grocery supermarkets.